Are there signs of a recovery in the bear market? We can assess this by synthesizing multiple on-chain behaviors. But if all combined signals are zero, then any price increase during this period should be viewed as a rebound, not a reversal. This is exactly where we are now! The shaded area in the chart shows no color at all, indicating that BTC currently exhibits no meaningful improvement across multiple dimensions: key pricing models (technical and on-chain models), network utilization (on-chain activity and congestion levels), market profitability (changes in seller momentum and whether profit-taking has been absorbed), and supply distribution trends. This can serve as a right-side indicator for major trend reversals, helping us avoid missing the next major trend.

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